Peter Yan named new CEO of Cyberport

Hong Kong Cyberport Management Co, which plays a key role in promoting the development of technology enterprises and startups in the city, has appointed Peter Yan King-shun as its new chief executive.

Yan will take the reins after current CEO Herman Lam Heung-yeung leaves his position at the end of this month.

With decades of experience in the information technology industry, Yan, who is a fellow of the Hong Kong Computer Society, was serving as executive director and chief executive of SUNeVision Holdings (01686.HK) prior to the Cyberport appointment.

Before working at SUNeVision, a listed company that is involved data center operation and other IT-related services, Yan had held different senior management positions in large consulting and information technology services firms including Accenture, Tradelink Electronic Commerce, and Computer And Technologies Holding Ltd.

A Chinese University of Hong Kong (CUHK) graduate, Yan served on the Board of Cyberport between 2011 and 2017. He also held advisory positions at some universities to support talent development and development of digital technology industry in the city.

Emphasis on talent development

Cyberport chairman Lee George Lam said in a statement Monday that Yan has exceptional executive management skills and abundant digital technology industry experience to lead the organization in the coming years.

“The Board is confident that Mr. Yan will lead Cyberport to realize its vision as the key driver of the digital technology industry to create economic impact for Hong Kong,” he said.

Yan, meanwhile, said he hopes to contribute to Cyberport and help it foster cooperation between local and global tech players to drive innovation and technology development in Hong Kong.

Cyberport is wholly-owned by the Hong Kong government.

Yan noted the importance of talent development.

“We ought to nurture our youth and equip them with the necessary knowledge and skills, not only to enriching the talent pool for the industry but also to creating more opportunities and career choices for the young generation through digital innovation,” he said.

Under Hong Kong government’s budget proposals for the 2018-19 financial year, Cyberport will receive HK$300 million in funding to help it press ahead with efforts to nurture innovation and build a technology ecosystem.

The Hong Kong stock exchange appears reluctant to approve the initial public offering of China-based bitcoin mining giant Bitmain, according to cryptocurrency-focused news site Coindesk. Citing a source familiar with the matter, the report...

Only five years into the business, Chinese smartphone maker OnePlus is now expanding overseas. The company also plans to enter the television manufacturing market with a new smart TV model scheduled for launch in India...

Huawei Technologies said on Tuesday that it will spend US$2 billion over the next five years to focus on cybersecurity by adding more people and upgrading lab facilities, Reuters reports. At a news conference...

Uber Technologies Inc. received approval from Pennsylvania to resume self-driving car testing on public roads this week, nine months after it suspended the program following a deadly accident in Arizona, Reuters reports, citing state...

Financial digitalization – the digital revolution’s system-level transformation of the entire financial ecosystem – could catalyze global efforts to finance sustainable development. According to the McKinsey Global Institute, the expanded use of financial...